What is the approval process?
There are basically 4 steps:
1. Apply Online for Hard Money!
2. We review your accepted online application.
3. We phone you to discuss and fill out a 1003
(complete loan application) and pull your credit (can be
waived), get your purchase agreement, order a
preliminary title report, get a detailed line-item
budget for all construction work to be done on the
project including plans, your estimate of the completion
value of the project, and an appriasal or comps to
support this estimate, Photos of the subject property,
Borrower credentials, copy of contractor license, bond,
and insurance (for all construction loans)
4. Once this all checks out, we draw up the loan
documents and fund the loan through escrow.
